UPS reports Q2 profits up 56%
UPS has attributed its better-than-expected results to the reorganisation of its US domestic operations and significant growth in the company’s international business. UPS reported a consolidated Q2 operating profit of $1.4 billion on revenues of $12.2 billion. Operating profit was up 56.42% (Q2 2009: $895m) and revenues up 12.96% (Q2 2009: $10.8bn). Overall, the average volume per day was up 10.49% to 14.8 million packages. US Domestic Package
International Package
Supply Chain & Freight
Outlook Chief financial officer Kurt Kuehn commented: "We experienced strong revenue growth across the board, with substantial margin expansion in our U.S. and International segments." He added that, despite the anticipated slow pace of the US recovery and a cautious outlook for Europe, UPS is confident in its ability to expand the business and improve profits. Quelle: eyefortransport |